Fiserv

Fiserv

About Fiserv

Simplify's Rating
Why Fiserv is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

10,001+

Company Stage

IPO

Total Funding

N/A

Headquarters

Milwaukee, Wisconsin

Founded

1984

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • Payfare acquisition boosts Fiserv's instant payout capabilities for gig workers.
  • BentoBox acquisition strengthens Fiserv's Clover dining solutions.
  • Skytef acquisition enhances Fiserv's presence in Brazil's digital payments market.

What critics are saying

  • Regulatory hurdles may delay the Payfare acquisition's completion.
  • Integration challenges with Skytef could affect operational efficiency.
  • Competition from fintech startups like Forward poses a threat to Fiserv.

What makes Fiserv unique

  • Fiserv's acquisition of Payfare enhances its digital payment solutions in the gig economy.
  • The acquisition of BentoBox expands Fiserv's market share in restaurant technology.
  • Fiserv's investment in Goalsetter aligns with trends in financial education and inclusion.

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Company News

PR Newswire
Dec 23rd, 2024
Payfare Acquired by Fiserv for CA$201.5M

Payfare Inc. has entered into a definitive agreement to be acquired by an affiliate of Fiserv, Inc. for CA$4.00 per share, totaling approximately CA$201.5 million. This represents a 90% premium to the closing price on December 20, 2024. The transaction requires shareholder and court approvals and is expected to close in the first half of 2025. All directors and senior officers have agreed to support the transaction, which will result in Payfare's shares being delisted from the TSX and OTCQX.

Calcalist
Oct 30th, 2024
Melio secures $150 million in Series E funding, valuation slashed to $2 billion | Ctech

Despite the valuation cut, the Israeli fintech is estimated to have registered a tenfold revenue increase since its last raise three years ago, now exceeding $100 million annually.

TechCrunch
May 30th, 2024
Fintech startup Forward grabs $16M to take on Stripe, lead future of integrated payments | TechCrunch

Forward’s payments infrastructure model has an advantage by shifting the economics back to SaaS companies.

Fiserv
Apr 18th, 2024
Fiserv Completes Acquisition of BentoBox - Fiserv, Inc.

BROOKFIELD, Wis. --(BUSINESS WIRE)--Nov. 22, 2021-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced the completion of its acquisition of BentoBox. “Closing this transaction further expands our Clover ® dining solutions

Yahoo Finance
Mar 22nd, 2024
Tanya Van Court'S Goalsetter Closes On A $9.6M Series A Extension Round To Further Its Mission Of Financial Equity And Education

Tanya Van CourtTanya Van Court’s Goalsetter has reached yet another milestone since launching in 2019.As AFROTECH™ previously reported, the founder and CEO founded the fintech platform to help youth and families gain access to banking and financial education, including tools, investing, and savings. In 2021, Goalsetter’s mission caught the attention of NBA stars Kevin Durant, Carmelo Anthony, and Andre Drummond, who all invested in the company’s $15 million Series A funding round.Now, Goalsetter has announced that the round isn’t finished just yet. According to a press release shared with AFROTECH™, Goalsetter has closed on a $9.6 million Series A extension round.The new round was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund, the press release details. Fellow investors included Fiserv, Seae Ventures, Webster Bank, Astia Fund, Partnership Fund for New York City, Reseda Group, and InTouchCU.“Our new Series A extension marks a significant milestone for Goalsetter as we continue to redefine financial education and inclusion across America,” Van Court shared in a press statement. “This funding will empower us to enhance our B2B offerings and forge stronger partnerships with credit unions, banks, and wealth management institutions, expanding our reach and impact to ensure that the next generation can grow into savvy savers and investors.”She continued, “This is an investment in Goalsetter and in the future financial well-being of millions of young Americans. Together, we are building a foundation for a more equitable and financially literate future for all.”In addition to forming more B2B (business-to-business) and financial institution partnerships, Goalsetter plans to use the funding to “facilitate the launch of live bank and credit union product implementations and core processor integrations” in order to be more accessible to banks and credit unions across tech platforms.“Goalsetter has successfully produced measured and meaningful positive outcomes as it helps families of diverse demographics increase savings and practice smart spending habits, making them a unique player in this market,” said Liz Roberts, head of impact investing at MassMutual, one of Goalsetter’s leading investors

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